On November 28, 2016, HRG Group, Inc. and David M. Maura, Managing Director and Executive Vice President of Investments of the company, entered into a Separation and Release Agreement pursuant to which Mr. Maura resigned his employment with the company, but will continue to serve as the Executive Chairman of Spectrum Brands Holdings, Inc. and its subsidiaries (Spectrum Brands) and as a member of the company's Board of Directors.